Glow Bull
Rudy Havenstein, Senior Markets Commentator.
@RudyHavenstein
Would someone please ask Stephen Schwarzman to stop putting these signs all around the neighborhood?!
https://twitter.com/RudyHavenstein/status/1732521029577355460
Sheltered, much? Work with Chinese or Japanese and get back to me. I'll wait…..
That's an expansive question!
The funny part is where he tells Andrew Ross Sorkin (ARS fo future use), "The only reason I'm here at all, is that you're a friend, Jonathon."
Scott Adams
@ScottAdamsSays
Two things to understand about persuasion:
-
You can't hypnotize someone to commit murder. They would be aware of it and easily resist.
But…
-
The media can easily hypnotize millions of citizens into thinking a candidate is the next Hitler. It only takes one citizen to "decide on their own" to do the wrong thing.
We're watching a slow-motion assassination unfold, led by The Atlantic, The Washington Post, CNN, MSNBC and the other usual suspects.
Are all of the perpetrators aware of what they are doing? Some probably are. Others are just going with the team.
Quote
Cernovich
@Cernovich
·
21h
Bill Ackman and the Harvard donors are leading indicators of 2024.
He will never openly support Trump. Not the point.
Even Trump haters see a huge mess.
Imagine what most Americans are thinking.
That’s why the regime is using media apparatchiks to incite assassination.
https://twitter.com/ScottAdamsSays/status/1732379541560328660
Where's that collision from earlier today? Supposedly closed the canal for a bit.
Arden Young
@arden_young_
NEW UNDERCOVER VID
Prnhub Parent Aylo Employee: Kids “Will Find Their Kink” on Aylo Prn Site
Aylo Writer: 12-Year-Olds Watching TransAngels P*rn “Probably Helps a Lot”
“Need to Push Stuff That’s Less Accepted… Get More Men, Straight Men, in on [Gay & Trans P*rn], Too”
https://twitter.com/arden_young_/status/1732422651950612937
University of Pennsylvania donors, students call for president to resign after congressional hearing
Dec 6th, 16:38:46
By Gabriella Borter
(PiQSuite.Com) - University of Pennsylvania students and alumni stepped up calls on Wednesday for Liz Magill to resign as the school's president, after she declined to say outright during a congressional hearing that calling for the genocide of Jews would violate Penn's code of conduct.
An online petition demanding the university's Board of Trustees accept Magill's resignation due to her "inability to unequivocally condemn calls for the genocide of Jewish students and inability to identify these as harassment" had 2,500 signatures by Wednesday afternoon.
https://PiQSuite.com/reuters/university-of-pennsylvania-donors-students-call-for-president-to-resign-after-congressional-hearing
[The healing will come from within, as the members purge the insane.]
>> WINTER STORM WATCH IN HELL <<
Greece, Turkey seek to restart relations with meetings in Athens
Dec 6th, 17:01:46
ATHENS (PiQSuite.Com) - Turkish President Tayyip Erdogan arrives in Athens on Thursday with a delegation of ministers for meetings with Greek counterparts that both countries hope can turn a new page in relations after years of tensions.
Greece and Turkey, neighbours and NATO allies, have been at odds for decades over issues including where their continental shelves start and end, energy resources, overflights of the Aegean Sea, and ethnically-split Cyprus.
They reached the brink of war in the 1990s and over the past years they have argued over energy resources in the Eastern Mediterranean, defence issues, migration and the acquisition of fighter jets, which paused diplomatic talks.
https://PiQSuite.com/reuters/greece-turkey-seek-to-restart-relations-with-meetings-in-athens
Dunno, Let's ask Sisyphus.
https://en.wikipedia.org/wiki/The_Myth_of_Sisyphus
Or would you rather I ask Archimedes? He may have some leverage on this subject.
Looking for that Hard OR Soft "Landing" in the economy at this point. We may not even get touch down…
Chevron increases project spending budget 11% for 2024
Dec 6th, 16:26:31
By Sabrina Valle
(PiQSuite.Com) -Oil major Chevron Corp said on Wednesday that it expects to spend between $18.5 billion and $19.5 billion next year on new oil and gas projects, an 11% increased compared to this year.
Its 2024 budget and that of Exxon Mobil reflect the industry's continuing rebound after pandemic-influenced pullbacks last decade, recent acquisitions and carbon reduction initiatives. Exxon outlined its plan to spend between $22 billion and $27 billion annually through 2027.
https://PiQSuite.com/reuters/chevron-increases-project-spending-budget-11-for-2024
[Suck that, Kerry!]
R A W S A L E R T S
🚨#WATCH: As BBC News opens with anchor Maryam Moshiri was caught giving the middle finger live on the broadcast before transitioning to delivering the morning news
https://x.com/rawsalerts/status/1732542360695779527?s=20
Good stuff, but bring your salt.
Refresher history. Start here: https://prussiagate.substack.com/p/1871
[Link is funky, so be patient.]
I believe that was an internal message to her producer.
Triple Net Investor
@TripleNetInvest
BREAKING NEWS:
One of the most famous short sellers, Carson Block of Muddy Waters, is shorting Blackstone Mortgage Trust - a lender to commercial real estate owners and developers
Here's what he had to say on CNBC:
"We think significant dividend cuts are coming back half of next year… and we also think they could find themselves in a significant liquidity crisis as well."
"About 70-75% of their US borrowers are unable to cover interest expense without interest rate swaps they put in place several years ago."
"Blackstone's total loan book is about $23 billion… we estimate that next year, swaps on $16 billion of that book are going to come off and basically expose these borrowers to having to pay market rates."
"When looking at these CLOs and looking in detail at the data we see… north of 25% of these borrowers can't even cover SOFR which is the base rate… and another half the borrowers can cover the base rate but can't cover the spread that's on top."
"…the big problem [is that they] eventually they have to refinance these loans but the collateral values look to be significantly under water…
"For the group that can cover the base rate but not the interest, it looks to us that most of those assets are under water, basically below the loan values, by almost 20%… and when you look at the group that can't even cover the base rate… that's about a 50% haircut."
"We think what's going to happen is, Blackstone is basically going to have to modify these loans."
"We understand that 4-5% of its interest income right now is PIK and it's already extended about 6% of its loans on its balance sheet… but with well over 50% of its [protective swaps] terminating next year, they're going to have to start facing the music."
For the latest updates on the meltdown in US commercial real estate, make sure to follow
@TripleNetInvest
https://twitter.com/TripleNetInvest/status/1732495146279952813
[NOT BlackRock, please note, because this is bigger]